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Flipkart completes eBay India acquisition

According to reports, Flipkart finalised its merger with eBay India's operations.  "Flipkart will own and operate eBay.in, which will remain an independent entity as part of Flipkart," the e-commerce start-up said in a statement. Notably, the acquisition deal was announced earlier in April, when Flipkart raised $1.4 billion from eBay along with Microsoft and Tencent.

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